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PetSmart names new CEO

PetSmart has announced that Michael Massey (right) will take over as president and CEO as the company replaces David Lenhardt, who announced his resignation after a consortium led by BC Partners acquired the company earlier this month. Raymond Svider, a managing partner at BC Partners, will act as non-executive chairman of the board.

Massey comes to the company with 25 years of retail experience and specializes in developing personal customer experiences through research and insights. He previously acted as president and CEO of Collective Brands, which owns Payless ShoeSource, where he was responsible for assisting the turnaround of the company's global retail operation.

"I am honored today to be appointed to this role and look forward to building upon the heritage and reputation that PetSmart has established as the most admired pet retailer," he said in a statement. "I am excited to work closely with the PetSmart team to bring the brand ever closer to the hearts of pet parents everywhere. I'm confident that PetSmart's future will be one defined by growth, increased opportunities for our team and closer emotional connections with our customers."

Lenhardt joined PetSmart in 2000 and has acted as president and CEO, as well as a member of the board, since 2013. "I have been honored and privileged to lead this great company," he said. "My 15-year journey with PetSmart is filled with wonderful memories of our passionate associates who represent the best and brightest in retail. I am confident that PetSmart will continue to lead the industry by creating more moments for people to be inspired by pets." Press release